Brazil’s OranjeBTC to launch ETF tied to Strategy STRC, Strive SATA

Brazil-listed OranjeBTC plans to launch DIGY11, an ETF investing in Strategy’s Bitcoin-linked preferred stock STRC and Strive’s perpetual preferred stock SATA, CoinDesk reported. DIGY11 is set to list on Brazil’s B3 exchange in early September, with an initial portfolio made up of 95% STRC and 5% SATA. The fund will trade in Brazilian real and make monthly distributions. Michael Saylor said "Digital Credit" is expanding into global markets. The term refers to Saylor’s concept for credit instruments such as preferred shares designed around Bitcoin.